Topics

121

Faculty Forum / Mobile banking made stricter

« on: January 12, 2017, 09:58:20 AM »

The central bank yesterday lowered the ceiling for mobile banking transactions, citing that the facility is being abused by “some vested quarters”.

From now, a maximum of Tk 15,000 can be deposited into a mobile banking account each day and Tk 10,000 can be taken out, Bangladesh Bank said in a notice.

The previous daily ceiling was Tk 25,000 both for cash-in and cash-out.

The BB also directed the mobile financial service providers not to open more than one account with a single national identity card.

If they find more than one account associated with the same NID card they will have to shut all of them, except for one.

An account holder can make deposits twice and withdraw three times in a day. Previously, the limit for cash-in was five and for cash-out three.

Each month, a mobile money customer can deposit a maximum of Tk 1 lakh, down from Tk 1.50 lakh earlier. The maximum monthly withdrawal limit is Tk 50,000 through 10 transactions at most.

Previously, the cash-out limit through each agent was Tk 25,000 per transaction; three transactions were allowed at most. The overall cash-out limit used to be Tk 1.50 lakh in 10 transactions a month.

The move has elicited mixed reactions from experts: while it can weed out the unnecessary transactions and curb terror financing, it will slow mobile money growth.

The BB said the decision was taken to safeguard the MFS sector from misuse and superfluous transactions and bring discipline.

“Over-the-counter transactions might come down but that is our target,” said Subhankar Saha, executive director and spokesman for the BB.

At present, Tk 700 crore is transacted a day through the MFS on average, with the majority of transactions via OTC.

Earlier, various law enforcement agencies said MFS transactions were being used for terrorist financing.

The recipient cannot withdraw more than Tk 5,000 in the first 24 hours.

To withdraw cash of Tk 5,000 and over, the recipient must show proper verification -- national identity card or its photocopy -- to the mobile banking agent beforehand.

The agents also need to maintain a register for every cash-in and cash-out transaction, according to the directive.

The BB also directed the MFS providers to monitor the agents' activities. If negligence is detected in this regard, their licence will be cancelled immediately.

Saha said they tried to make it easier for the genuine customers and place hurdles for those who abuse the service.

Dutch-Bangla Bank, one of the major MFS providers in Bangladesh, welcomed the new directive, which is unlikely to impact genuine transactions.

However, due to such strict measures some good customers might sometimes face challenges.

Md Abul Kashem Shirin, managing director of Dutch-Bangla Bank, said foreign remittance may increase as a result of the measures and the burden of the OTC transactions will come down.
Source: The Daily Star on 12/1/2017

122

Business & Entrepreneurship / চলতি অর্থবছর জিডিপি প্রবৃদ্ধি হবে ৬.৮%: বিশ্বব্যাংক

« on: January 11, 2017, 02:35:03 PM »

http://www.24livenewspaper.com/sinfo/?url=www.prothom-alo.com/

123

BBA Discussion Forum / ক্লাউড স্টোরেজ সুবিধার উই এক্স ১

« on: January 11, 2017, 02:15:48 PM »

http://www.24livenewspaper.com/sinfo/?url=www.prothom-alo.com/

124

Science and Information / দেশেই স্মার্ট বাড়ির প্রযুক্তি

« on: January 11, 2017, 10:33:51 AM »

http://www.prothom-alo.com/technology/article/1042355/%E0%A6%A6%E0%A7%87%E0%A6%B6%E0%A7%87%E0%A6%87-%E0%A6%B8%E0%A7%8D%E0%A6%AE%E0%A6%BE%E0%A6%B0%E0%A7%8D%E0%A6%9F-%E0%A6%AC%E0%A6%BE%E0%A7%9C%E0%A6%BF%E0%A6%B0-%E0%A6%AA%E0%A7%8D%E0%A6%B0%E0%A6%AF%E0%A7%81%E0%A6%95%E0%A7%8D%E0%A6%A4%E0%A6%BF

125

Faculty Sections / গুগল চশমার নবজন্মের পেছনে ঢাকার কোম্পানি

« on: January 11, 2017, 10:29:17 AM »

http://www.prothom-alo.com/technology/article/1045545/%E0%A6%97%E0%A7%81%E0%A6%97%E0%A6%B2-%E0%A6%9A%E0%A6%B6%E0%A6%AE%E0%A6%BE%E0%A6%B0-%E0%A6%A8%E0%A6%AC%E0%A6%9C%E0%A6%A8%E0%A7%8D%E0%A6%AE%E0%A7%87%E0%A6%B0-%E0%A6%AA%E0%A7%87%E0%A6%9B%E0%A6%A8%E0%A7%87-%E0%A6%A2%E0%A6%BE%E0%A6%95%E0%A6%BE%E0%A6%B0-%E0%A6%95%E0%A7%87%E0%A6%BE%E0%A6%AE%E0%A7%8D%E0%A6%AA%E0%A6%BE%E0%A6%A8%E0%A6%BF

126

Faculty Forum / The concept of Digital Payment

« on: January 09, 2017, 03:30:44 PM »

Payments are made using payment instruments. Cash, for example, is a payment instrument. So too are checks. However, digital payments are not one instrument but rather an umbrella term applied to a range of different instruments used in different ways. In this section, we provide some parameters for creating this definition.
Since there is no one standard definition of a digital or e-payment, you should settle on a clear and implementable definition at the start of any measurement exercise. The subject matter is complex, but there are two key dimensions of categorization that are most important:
1.   The nature of the payment instrument: through which means—paper or digital—are the instructions carried.
2.   The payer-payee interface: whether the payer, payee, or both use an electronic medium in a payment transaction.

DIGITAL VS ELECTRONIC PAYMENTS: WHAT’S THE DIFFERENCE?
Neither term has a standard definition; but both are generally used to mean the same thing—transfers of value which are initiated and/or received using electronic devices and channels to transmit the instructions. Hence in this manual they are interchangeable. Note that digitizing is often applied to processes other than payments: hence a government could digitize its accounting system, but still make payments by paper (check or cash). For more on e-payments.
The nature of the payment instrument
A key first step is understanding which instruments are even available, and on what basis, in your country and how they can be grouped according to their nature.
Digital payment instruments can be grouped together with respect to their underlying nature in two ways:
•   Narrow choice- ‘Paper’ vs ‘non-paper’: Instruments which rely on a paper-basis for authorization, such as checks, traveler’s checks, and money orders, are regarded as ‘non-digital’ and all other instruments are regarded as ‘digital’.
•   Broad choice - ‘Cash’ vs ‘non-cash’: Every instrument other than cash is regarded as ‘non-cash’ and therefore digital, since each usually takes a digital form at some stage in the transfer of value.
In reality, there is a spectrum between pure digital and pure physical in how most instruments other than cash are transacted over the whole transaction cycle. The choice of which definition option to apply will depend on the purpose. For example, if you are measuring to highlight the need to transition away from existing payment instruments due to, for example, cost, then you can make a case for focusing on the broader definition (non-paper instruments). However, if you want to highlight the potential of payment flows to be digitized, you may consider checks as much closer to digital than cash, therefore including them with ‘non-cash’ in the narrow definition. In an increasing numbers of countries, paper checks are truncated into a digital message on deposit, and since they require the payer to have an account, and are also traceable, they are less like cash in these attributes and more like account-based digital options.
Note, however, that technology is challenging the boundaries of all instrument-based definitions—for example, countries like Canada are considering the introduction of digital cash, where digital legal tender is transferred directly from payer to payee in a payment transaction, and where paper and metallic currency will become obsolete. Hence a ‘cash’ transaction could be ‘digital.

127

Business Administration / Bangladesh has huge potential in hospitality

« on: January 08, 2017, 03:06:43 PM »

Bangladesh has huge potential in the hospitality industry as the sector has started to follow international standards, said Robin Edwards, the newly appointed general manager of Radisson Blu Chittagong Bay View.
The number of five-star hotels in Bangladesh is still low, as the industry here is on the early stages of growth, he said.
The new hotels that are opening in Dhaka and Chittagong are helping Bangladesh emerge in the international market, he added.
Edwards previously served InterContinental Hotels and Resorts, Starwood Hotels and OCT Hotels for several years and worked in China, Western Asia and the Middle Eastern regions.
A graduate from the University of Leeds in the UK, Edwards has worked in every major department of hotel operations, including food and beverage, engineering, laundry, finance, hotel administration and rooms management.
Being an emerging destination, Chittagong sees rising growth in the hospitality industry, he said.
“I think everything is growing in Chittagong, including infrastructure, new business destinations and export processing zones. I hear, every day, of new investment in Chittagong not only in the hospitality industry but also in a lot of other aspects.”
There are challenges as well, he said. “One of the major challenges for us is not being able to have access to everything we need in the local market. There are products that we cannot source in Bangladesh and the supplies that we need have to be brought from abroad.”
Edwards, however, said he faced these problems in other Asian countries as well. “It's not just the country of Bangladesh or the location. It is central Asia or the Asian market. Unfortunately Asia, as a whole, is not as developed as the Western world.”
Their main customers in Radisson Blu now are Bangladeshi nationals, business travellers from Dhaka and other cities, Bangladeshis returning from abroad, traders from outside and people who deal with companies inside the export processing zones, he said.
“Domestic travel is the biggest source of business for us. Of course we have foreign and expatriate business. But the domestic market is the biggest proportion in the business for us now.”
Edwards said one has to be 'a people person' and should have love for the job to become successful in the career in the hospitality sector.
“No matter what you are, whether you are the general manager or the doorman, it's the same philosophy we serve the guests,” he said.
The environment in the hospitality industry is challenging, he added. “When you are trying to please people, it's like trying to please a child. You can never please a child. When you give him something, he wants some more.
“But we are committed to ensuring total guest satisfaction, and that is what we strive to do.”
He said everybody who works at the hotel -- whether he is a doorman, a waiter or a general manager -- is the ambassador of hospitality.
There are instances that doormen or stewards have become general managers through hard work and determination, he said. “Anybody can be successful in this business.”
Edwards said he never terms the employees as staff members rather associates. His philosophy is to treat the workforce as a family.
People will find soon that the Radisson Blu in Chittagong will stand out probably as the number one innovator in Chittagong and hopefully in Bangladesh, he said.
“Our main goal for this year is to penetrate the market to draw new business and to let people see the standards that we actually have here.”
Edwards believes they have the potential to offer a lot more. However, there are limitations as well. “We can only offer what our customers are willing to pay for,” he said.
“So, we have to look at innovation. Our philosophy is to think outside the box, to look at the bigger picture. We are not looking for profits today or tomorrow. We are looking at long-term investment.” 

Robin Edwards, GM of Radisson Blu Chittagong, talks about his plans this year

128

Business & Entrepreneurship / Bangladesh has huge potential in hospitality

« on: January 08, 2017, 03:05:48 PM »

Bangladesh has huge potential in the hospitality industry as the sector has started to follow international standards, said Robin Edwards, the newly appointed general manager of Radisson Blu Chittagong Bay View.
The number of five-star hotels in Bangladesh is still low, as the industry here is on the early stages of growth, he said.
The new hotels that are opening in Dhaka and Chittagong are helping Bangladesh emerge in the international market, he added.
Edwards previously served InterContinental Hotels and Resorts, Starwood Hotels and OCT Hotels for several years and worked in China, Western Asia and the Middle Eastern regions.
A graduate from the University of Leeds in the UK, Edwards has worked in every major department of hotel operations, including food and beverage, engineering, laundry, finance, hotel administration and rooms management.
Being an emerging destination, Chittagong sees rising growth in the hospitality industry, he said.
“I think everything is growing in Chittagong, including infrastructure, new business destinations and export processing zones. I hear, every day, of new investment in Chittagong not only in the hospitality industry but also in a lot of other aspects.”
There are challenges as well, he said. “One of the major challenges for us is not being able to have access to everything we need in the local market. There are products that we cannot source in Bangladesh and the supplies that we need have to be brought from abroad.”
Edwards, however, said he faced these problems in other Asian countries as well. “It's not just the country of Bangladesh or the location. It is central Asia or the Asian market. Unfortunately Asia, as a whole, is not as developed as the Western world.”
Their main customers in Radisson Blu now are Bangladeshi nationals, business travellers from Dhaka and other cities, Bangladeshis returning from abroad, traders from outside and people who deal with companies inside the export processing zones, he said.
“Domestic travel is the biggest source of business for us. Of course we have foreign and expatriate business. But the domestic market is the biggest proportion in the business for us now.”
Edwards said one has to be 'a people person' and should have love for the job to become successful in the career in the hospitality sector.
“No matter what you are, whether you are the general manager or the doorman, it's the same philosophy we serve the guests,” he said.
The environment in the hospitality industry is challenging, he added. “When you are trying to please people, it's like trying to please a child. You can never please a child. When you give him something, he wants some more.
“But we are committed to ensuring total guest satisfaction, and that is what we strive to do.”
He said everybody who works at the hotel -- whether he is a doorman, a waiter or a general manager -- is the ambassador of hospitality.
There are instances that doormen or stewards have become general managers through hard work and determination, he said. “Anybody can be successful in this business.”
Edwards said he never terms the employees as staff members rather associates. His philosophy is to treat the workforce as a family.
People will find soon that the Radisson Blu in Chittagong will stand out probably as the number one innovator in Chittagong and hopefully in Bangladesh, he said.
“Our main goal for this year is to penetrate the market to draw new business and to let people see the standards that we actually have here.”
Edwards believes they have the potential to offer a lot more. However, there are limitations as well. “We can only offer what our customers are willing to pay for,” he said.
“So, we have to look at innovation. Our philosophy is to think outside the box, to look at the bigger picture. We are not looking for profits today or tomorrow. We are looking at long-term investment.” 
Robin Edwards, GM of Radisson Blu Chittagong, talks about his plans this year

[/font][/size][/color]

129

Tourism & Hospitality Management (THM) / Bangladesh has huge potential in hospitality

« on: January 08, 2017, 03:01:46 PM »

Bangladesh has huge potential in the hospitality industry as the sector has started to follow international standards, said Robin Edwards, the newly appointed general manager of Radisson Blu Chittagong Bay View.
The number of five-star hotels in Bangladesh is still low, as the industry here is on the early stages of growth, he said.
The new hotels that are opening in Dhaka and Chittagong are helping Bangladesh emerge in the international market, he added.
Edwards previously served InterContinental Hotels and Resorts, Starwood Hotels and OCT Hotels for several years and worked in China, Western Asia and the Middle Eastern regions.
A graduate from the University of Leeds in the UK, Edwards has worked in every major department of hotel operations, including food and beverage, engineering, laundry, finance, hotel administration and rooms management.
Being an emerging destination, Chittagong sees rising growth in the hospitality industry, he said.
“I think everything is growing in Chittagong, including infrastructure, new business destinations and export processing zones. I hear, every day, of new investment in Chittagong not only in the hospitality industry but also in a lot of other aspects.”
There are challenges as well, he said. “One of the major challenges for us is not being able to have access to everything we need in the local market. There are products that we cannot source in Bangladesh and the supplies that we need have to be brought from abroad.”
Edwards, however, said he faced these problems in other Asian countries as well. “It's not just the country of Bangladesh or the location. It is central Asia or the Asian market. Unfortunately Asia, as a whole, is not as developed as the Western world.”
Their main customers in Radisson Blu now are Bangladeshi nationals, business travellers from Dhaka and other cities, Bangladeshis returning from abroad, traders from outside and people who deal with companies inside the export processing zones, he said.
“Domestic travel is the biggest source of business for us. Of course we have foreign and expatriate business. But the domestic market is the biggest proportion in the business for us now.”
Edwards said one has to be 'a people person' and should have love for the job to become successful in the career in the hospitality sector.
“No matter what you are, whether you are the general manager or the doorman, it's the same philosophy we serve the guests,” he said.
The environment in the hospitality industry is challenging, he added. “When you are trying to please people, it's like trying to please a child. You can never please a child. When you give him something, he wants some more.
“But we are committed to ensuring total guest satisfaction, and that is what we strive to do.”
He said everybody who works at the hotel -- whether he is a doorman, a waiter or a general manager -- is the ambassador of hospitality.
There are instances that doormen or stewards have become general managers through hard work and determination, he said. “Anybody can be successful in this business.”
Edwards said he never terms the employees as staff members rather associates. His philosophy is to treat the workforce as a family.
People will find soon that the Radisson Blu in Chittagong will stand out probably as the number one innovator in Chittagong and hopefully in Bangladesh, he said.
“Our main goal for this year is to penetrate the market to draw new business and to let people see the standards that we actually have here.”
Edwards believes they have the potential to offer a lot more. However, there are limitations as well. “We can only offer what our customers are willing to pay for,” he said.
“So, we have to look at innovation. Our philosophy is to think outside the box, to look at the bigger picture. We are not looking for profits today or tomorrow. We are looking at long-term investment.” 
"Robin Edwards, GM of Radisson Blu Chittagong"

[/font][/size][/color]

130

Business Administration / Creating Web Site for Business

« on: January 05, 2017, 04:55:52 PM »

The world is running with the power of Information Technology and so as business. Business has already turned to e-business and             e-commerce. Now it is high time you made your own business web site. As the students of business administration the aim or focus must be successful entrepreneurs in different fields of business. And it is a must for young entrepreneurs to have an own business web site for survive. The government also emphasize on information technology. To make the vision 2021 possible it’s our duty to be smart in every steps especially in doing business. You can easily make your web site by web developer. But is very efficient if you can make it by yourselves. There are many software available in internet that assist you to create web sites.[/left]

The most helpful and easy eight way to create your web sites are as below:

1. Open Cart: Shopping Cart is a free and open software. It is easy to use and attractive design with it. Web site Demo: demo.opencart.com- as a sample you can see. Address: www.opencart.com

2. Woocommerce: It is good for new entrepreneurs. It is easy to use. Just launch the software without the knowledge of database programming signal or all of the benefits of e-commerce can be found. Address: www.woocommerce.com

3. Zen-Cart: Zen-Cart at the top of many people's choice of the name of the Content Management Software (CMS).
Address: www.zen-cart.com

4. OS Commarce: Open source Commerce is a top popular online store management software. Address: www.oscommerce.com
5. Tomato cart: tomatoes in a new generation of e-commerce cart CMS popular. Smartphones and tablet computers to cart tomatoes for the different samples. Address: www.tomatocart.com

6. Virtue Mart: Joomla based popular CMS. Who are accustomed to using Joomla, they can view the online store management software. Address: www.virtuemart.net

7. Presta Shop: It has been popular in a very short period of time. Its main feature attractive designs. Address: www.prestashop.com

8. Magenta: This is the most popular e-commerce site used for CMS. It also features update. However, themes and plug-ins cost a little more. Address: www.magentocommerce.com
www.magentocommerce.com
[/size][/color]